Nice4 Dec 2014 14:54
04 December 2014 RNS
JUST LOOK AT WHAT THE ASSETS ARE WORTH(15 MILL) WITH CASH AROUND 5 MILL
AND WERE 1.5 MILL MCAP
THIS HAS GOT MUCH FURTHER TO GO
Underlying Performance
-- Group revenues of GBP29.45m (2013: GBP27.64m)
-- Adjusted EBITDA loss of GBP(1.13)m (2013: GBP(2.71)m)
-- Reorganisation and restructuring costs of GBP0.33m (2013: GBP0.46m)
-- Impairment and amortisation of GBP0.35m (2013: GBP4.22m)
-- Cash at GBP2.58m (2013: GBP3.13m)
-- Gross Debt of GBP8.45m (2013: GBP6.87m), which matures in 2016
-- Net Debt of GBP5.87m (2013: GBP3.74m)
-- Outlook encouraging, with TV order book at GBP5.2m, Publishing at GBP2.5m and Communications Agency at GBP0.6m
Statutory Performance
-- Operating Losses of GBP1.99m (2013: GBP7.64m)
-- Loss before tax GBP2.56m (2013: GBP8.0m)
-- Diluted loss per share from continuing activities 1.01 p (2013: loss of 3.15p)
-- Total Assets GBP15.35m (2013: GBP19.05m)